Position sensor when used in the automobiles determines the distance between two moving objects and enhances safety. Position sensor can be broadly classified into linear position sensor and rotary position sensor. Factors such as increasing adoption of new technologies that include integrated control system for consumer electronics and growing demand for plant automation are driving the growth of the position sensor market. However, necessity for multiple technology solution and cost-issues hampers the growth of position sensor market. The most popular position sensor technology is CIPOS which is used in the automobile industry. Hence, this technology helps operational control driving while accelerating, shifting and steering.
Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/2774
Position Sensor Market
According to Market Research Future, market has been segmented into output, contact type, type, industries and region.
- Linear Position Sensor
- Rotary Position Sensor
- Consumer Electronics
The key players in the global position sensor market include- Honeywell International, Inc. (US), Ams AG (Germany), MTS Systems Corporation (US), Renishaw plc. (UK), TE Connectivity Ltd. (Switzerland), Vishay Intertechnology, Inc. (US), Allegro MicroSystems, LLC (US), Panasonic Corporation (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), Qualcomm Technologies, Inc. (US), among others.
ACCESS REPORT DETAILS @ https://www.marketresearchfuture.com/reports/position-sensor-market-2774
Market Research Future Analysis
The global position sensor market is expected to grow significantly over the forecast period, 2016-2022 majorly due to adoption of new technological solutions. The market is highly application basis. Automobile segment of position sensor market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.
European region accounted for the largest market share because of technological advancements, increasing demand by various sectors, large investments by automobile manufacturers for implementing position sensor and strict laws for implementing linear position sensor in the European countries.
However, Asia-Pacific region is expected to grow over the forecast period, 2016-2022 because of being the manufacturing hub and increasing focus by manufacturers to implement position sensor in various sectors.
About Market Research Future :
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.
The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.
- Strong industry focus
- Robust methodology
- Tailor-made solutions
- Disruptive research
- Cutting-edge detailed reports
- Competitive pricing
- Domain expert researchers
- Timely delivery
- Ground-breaking approach
- Advanced and transparent research methodology
- Cover latest trends and innovations